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Veritiv Corp Down 28.1% Since SmarTrend Downtrend Call (VRTV)

By James Quinn

SmarTrend identified a Downtrend for Veritiv Corp (NYSE:VRTV) on January 8th, 2020 at $18.01. In approximately 1 month, Veritiv Corp has returned 28.13% as of today's recent price of $12.94.

In the past 52 weeks, Veritiv Corp share prices have been bracketed by a current low of $12.93 and a high of $36.70 and are now at $12.94. Over the last five market days, the 200-day moving average (MA) has gone down 1.5% while the 50-day MA has declined 1.7%.

Veritiv Corporation is a business-to-business distribution company serving customers throughout North America. The Company serves customers across a vast majority of industries, providing print, packaging, facility, and logistics solutions that help shape the success of its customers. Veritiv was formed from International Paper's xpedx division and Unisource Worldwide.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Veritiv Corp.

Log in and add Veritiv Corp (VRTV) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights veritiv corp

Ticker(s): VRTV